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Reversing a five-week trend, fixed mortgage rates edged higher this week, with lenders telling Freddie Mac they were offering 30-year loans at an average interest rate of 4.14%, up from 4.12% last week. The 15-year fixed mortgage, a favorite of homeowners refinancing their loans, rose from an average of 3.21% last week to 3.23%. The start rates on adjustable loans fell slightly, according to the Freddie Mac survey, conducted each Monday through Wednesday and released on Thursday mornings. Interest rates on fixed mortgages tend to follow the yield on 10-year Treasury notes, which moved higher during the week between surveys. Fixed mortgage rates held fairly steady until Tuesday,...

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Reversing a five-week trend, fixed mortgage rates edged higher this week, with lenders telling Freddie Mac they were offering 30-year loans at an average interest rate of 4.14%, up from 4.12% last week.
The 15-year fixed mortgage, a favorite of...

Rescuing California's oldest Latino bank, 16 larger community and regional banks have chipped in $6.3 million to help keep 50-year-old Pan American Bank in East Los Angeles open.
The deal is expected to bring change to the board of directors and...

Question: As the summer travel season approaches, what are your recommendations for the best way to get cash when one is overseas?
Daniel Fink
Beverly Hills
Answer: I'm putting my money on (sharp intake of breath here) using an automated teller machine...

Increasing activity by data hackers has produced millions of victims and one clear winner: the credit monitoring business.
Services with names such as BillGuard and Identity Guard report a surge in sign-ups from people anxious to be protected. Nervous...

The billionaire suitors came one after another, pulling up to the beachfront mansion just steps up the coast from the exclusive Malibu Colony. A lucky few had been asked to meet with Shelly Sterling — the Clippers were for sale.
Steve Ballmer visited...

The whirlwind bidding in the sale of the Clippers ended Thursday with an agreement by co-owner Shelly Sterling to sell the team to former Microsoft chief executive Steve Ballmer for a record $2 billion. Lots of questions remain about the deal and the...

Banc of California in Irvine is acquiring Popular Community Bank's 20 Southern California offices, part of a deal in which Popular Inc., Puerto Rico's largest bank, is shedding 41 mainland U.S. branches.
The companies said Wednesday that Banc of...

Elizabeth Warren's ninth book is a campaign biography with a twist.
Warren, who emerged as a national figure during the early days of the financial crisis, rapidly became a star of the Democratic Party's liberal-populist wing. Her 2012 Senate campaign in...

Two of Los Angeles' many Asian American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities.
Financial information provider SNL Financial ranked BBCN...

Banc of California, a growing community bank in Irvine, is doubling its footprint in Southern California as it joins a new wave of smaller California banks pushing to expand into regional players in the aftermath of the financial crisis and the Great...

Boutique Los Angeles investment bank Moelis & Co. is seeking a valuation of as much as $1.58 billion in its initial public offering.Moelis may raise as much as $243.5 million by selling 8.4 million shares for $26 to $29 each, according to a regulatory...

ROME -- Pope Francis has given his backing to the Vatican’s scandal-ridden bank, Vatican officials said Monday, quashing months of speculation that he might close it down as part of wide-ranging reforms at the Holy See.
In a statement, the Vatican said...

WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday.
The refunds will go to as many as 2.9...

SACRAMENTO — Millions of dollars in welfare benefits are ending up in banks' pockets each year when poor Californians access their taxpayer-funded benefits, according to state statistics and a report released Tuesday.
Like many other states, California...

Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac.
The government-sponsored mortgage giants had demanded compensation from the Charlotte,...

Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac.
The government-sponsored mortgage finance giants had demanded compensation from the Charlotte,...

Sounding alarm over an especially sinister new wave of cybercriminals, regulators are warning bankers that hackers have succeeded in changing the controls on automated teller machines to enable thieves to make nearly unlimited withdrawals using fraudulent...

Sounding alarm over an especially sinister new wave of cybercrime, regulators are warning bankers that hackers have succeeded in changing the controls on automated teller machines to allow thieves to make nearly unlimited withdrawals.
The hackers often...

Well, this is awkward. Actress Gwyneth Paltrow and her musician husband, Chris Martin of Coldplay, bought a house in Malibu for $14 million, then they turned around and announced their "conscious uncoupling."
Uncoupling papers will no doubt...

WASHINGTON — When you're raking in tens of billions of dollars in profits by helping credit-elite borrowers buy homes, couldn't you lighten up on fees a little for everyday folks who'd also like to buy?
That's a question increasingly being posed to...